Buyers, sellers and the market Flashcards

1
Q

customer

A

a person or company that buys goods or services

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2
Q

client

A

someone who pays for the services of a professional person such as a docter or a lawyer

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3
Q

customer base

A

a group of people who buy a particular product or who pay for a particular service

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4
Q

client base

A

a group of people who pay for the services of a professional erson such as a docter or a lawyer

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5
Q

clientele

A

the customers of a shop, hotel, restaurent etc considered as a group

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6
Q

user

A

someone who uses something such as a service or a piece of equipement

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7
Q

end user

A

someone who buys and uses a product, expecially a computer or a piece of software

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8
Q

buyer or purchaser

A

someone who buys something

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9
Q

buying/purchasing managers

A

an individual in a company who has the responsibility of purchasing the items required by the company

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10
Q

industrial buyer

A

an organization that buys things for use in producing its own goods or services

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11
Q

seller

A

person or organization that sells something

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12
Q

vendor

A

someone who sells something, but not in a shop

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13
Q

street vendors

A

people selling thins in the street

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14
Q

vending machine

A

a machine from which you can buy coffee, cigarettes…

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15
Q

market

A

a public building or place whare people sell goods on tables called stalls

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16
Q

market economy

A

an economic system in which prices, salaries and the supply of goods are controlled by what and how much people buy not by the government

17
Q

market-place

A

producers and buyers in a particular buying economy, the way they behave etc.

18
Q

market prices

A

prices that people are willign to pay, rather than fixed by a government

19
Q

market reforms

A

changes to an economy made by a government so that it becomes more like a market economy